Law & Banking: Principles

Law & Banking: Principles

16-WEEK INSTRUCTOR-LED ONLINE COURSE

Course Description: This newly updated ABA course offers a foundation on the business law principles underlying banking law as well as a description of the context for and process of creating banking law and regulations. Knowing the basics of business law enables every banker to more easily understand laws pertaining to bank products, services and transactions.

Law and Banking, 7th Edition, 2012. The course, Law & Banking: Applications, uses the same textbook. You should purchase the textbook for the first Law & Banking class and register without textbook for the second class.

Audience: Personnel who are new to banking or require a refresher course on the legal basis for many banking laws governing products, services and transactions.

Learning Objectives: After successfully completing this program, you will be able to:

Explain the legal and legislative sources of U.S. banking law and the judiciary’s and regulatory agencies’ roles in interpreting the law

Describe the major torts and crimes that affect the banking industry

Identify the customer relationships of individuals, sole proprietorships, and partnerships, and a bank’s legal obligations and responsibilities when transacting business with these customers

Identify the legal entities of corporations, government agencies, limited liability companies, estates, and trusts, and a bank’s legal obligations and responsibilities when transacting business with these entities

Explain how contractual relationships are formed and enforced and the different elements of contracts

Describe how property may be acquired, transferred, and owned, and how creditors obtain property interests.

Describe the requirements of negotiable instruments as defined by Uniform Commercial Code Article 3 and other laws

Describe the parties and their rights in the transfer of negotiable instruments and the legal responsibilities of banks in collections and returns as governed by the UCC and federal regulation

Explain the legal obligations of banks to act responsibly as businesses and in their dealings with customers

Proctored Examination Required
This course requires proctored exams. You will need to identify a person from your institution who will proctor your exams during business hours, Monday – Friday between 9 a.m. and 5 p.m., Eastern USA Time. This person should be your Human Resources Training Manager, supervisor, or someone from the management team of your organization. Make sure to arrange your proctor well in advance of your exam date.

If you do not work with an institution, you will need to contact a university/college, library, or a testing center to request they proctor your exam. You will be asked to provide the telephone number of your proctor in case we need to reach that person for verification. A relative or friend cannot proctor an exam. All parties must abide by the ABA exam policy. There are no exceptions.​​​​​​​​​​